Progressive Renters Insurance Review: Pros & Cons, Pricing, and Features

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Who is Progressive Insurance?

Progressive Insurance is one of the largest auto insurance companies in the nation so you don't have to worry about any payout issues. 

They're publicly traded on the NYSE (PGR) and have a strong financial standing. 

Progressive is known for being one of the first insurance companies to offering instalment plans for insurance premiums to make insurance accessible to more people.

How Does Progressive Renters Insurance Work?

“Does Progressive offer renters insurance?”

A reader asked this recently to see if they could use Progressive for their renters insurance.

The good news is that Progressive does have renters insurance even though the company is known for its auto insurance coverage. 

How does Progressive Renters Insurance Work?

You can use Progressive to insure your car, boat, rental, and many other things.

Check out the graphic below to see what all the different types of insurance that Progressive offers.

What this means is that you can use Progressive for all of your insurance needs. You’re in luck if you have multiple items that need insurance.

You can obtain life insurance, renters insurance, and insurance for the family boat all at one stop.

Is Progressive Renters Insurance Legit?

Progressive has been in business since 1937 so the company has been around for a while. You likely know someone who has user their products in the past.

You don’t have to worry about Progressive going under anytime soon or having any issues with payouts.

The company offers many insurance discounts and they have an easy-to-use system so that you can simplify your life when it comes to insurance.

Is Progressive Good Renters Insurance?

To put things bluntly, any renters insurance policy is good.

We want you to be protected financially at all times.

As we took a closer look at Progressive Renters Insurance we realize that the policy is very good.

The company works with many underwriters to offer you insurance for your situation.

We understand that money is likely tight and you don’t want to be spending a small fortune to find renters insurance for your place.

This is why we always consider the price.

It turns out that Progressive Renters Insurance is priced very fairly and you can customize your policy to find a policy that fits your budget.

How Much Is Progressive Renters Insurance?

Progressive renters insurance has been around for a while so you’ve likely heard your friends discussing this policy. 

According to the official website, here’s how much Progressive Renters Insurance costs:

Progressive Renters Insurance Quotes

When you go to obtain a renters insurance quote, you’ll be prompted with a few questions. Progressive will ask you about your situation. Here are some of the questions that you’ll be prompted with when you attempt to sign up for Progressive Renters Insurance:

• Do you have any dogs?
• What kind of unit do you live in?
• How many people live in the unit full-time?
• How much personal property coverage do you want?

Those are a few things to think about when you’re obtaining Progressive Renters Insurance quotes.

As you can see from the image, you can customize the amount of coverage that you would like and the deductible that you’re willing to pay. You could easily lower your monthly premium by paying a higher deductible if your finances are currently tight.

Below is an example of a basic renters insurance policy cost for one person plus a partner.

1. $12.50 in NYC.
2. $25.92 in Dallas, Texas. 

You can play around with the coverage amounts and deductible to see how the price fluctuates. Your premium will change depending on how much coverage you need.

Is Progressive Worth The Cost?

As you can see from the image, you can customize the amount of coverage that you would like and the deductible that you’re willing to pay.

You could easily lower your monthly premium by paying a higher deductible if your finances are currently tight.

Can I Bundle My Progressive  Renters Insurance With My Auto Insurance?

The good news about Progressive renters insurance is that you can bundle your renters insurance with your auto insurance to save money.

Progressive is actually known for its auto insurance.

Bundling your auto and renters insurance is very beneficial from a simplicity point of view since you get to combine everything.

You don’t have to worry about separate payments.

We don’t want you to just take our word for the customer service so we looked around to find Progressive Renters Insurance reviews.

Notable Review Favoring Progressive Company:

Sarah George of Finder.com had the following to say about Progressive Renters Insurance…

Progressive Renters Insurance Review Reddit

Those are a few examples of Progressive Renters Insurance reviews that we were able to find.

How Do You File a Progressive Renters Insurance Claim?

What if you have to file a claim with progressive renters insurance? Here are the steps to filing a renters insurance claim with Progressive:

• Connect with your insurer. You can contact 1-800-776-4737 to find out who your insurer is.
• Your insurer creates an estimate based on your information about your claim.
• Your insurer sends you a payment for the damages, theft, or whatever the loss was.
• Your place gets repaired (if applicable).

That’s how you file a claim with your Progessive Renters Insurance policy.

The company is known for the Progressive Home Advantage Renters Insurance.

What does Progressive Home Advantage Renters Insurance cover?

1. Personal property. Your personal items are covered (furniture, clothing, electronics, and so on) in the event of damage (fire, water, and whatever else is mentioned on your policy) or theft. Your belongings are also covered when in a storage unit or when you’re on vacation.
2. Loss of use. If your unit happens to be damaged by a covered loss and you can’t live there, you’ll be placed in a hotel where your meals will be covered.
3. Personal liability. If you’re held liable for an injury or property damage that happens to someone because of you, you’ll be covered financially. This means that you’ll be protected in the event of any legal issues that would otherwise destroy your finances.
4. Medical bills. If someone is injured at your place, their medical bills will be paid by your insurance coverage.

That’s what Progressive Renters Insurance covers with its basic policy.

You can always add riders and customize your renters insurance policy to your needs.

You can always customize your policy depending on what you own and what your situation requires.

What Isn’t Covered By My Policy?

What isn’t covered by your Progressive Renters Insurance policy?

According to the official website here’s what won’t be covered by your renters insurance policy:

You’re also going to have to purchase additional coverage for water back-up (issues with sewage) and personal injury.

Can I Add My Roommate?

Are you thinking about your roommate to your Progressive Renters Insurance policy?

We know how expensive it can be to live on your own.

You may be thinking about having a friend move into the spare bedroom or moving in with your partner. 

The good news is that you can add a roommate to your policy.

When you’re looking for a quote online, you’ll be prompted with a question about who lives with you.

It’s important that you mention your roommate so that they’re covered.

Progressive Insurance has one of the highest BBB ratings of any insurance company out there. This means that regular folks out there enjoy the services that they've received.

When it comes time to make a claim, here's where you need your insurance company to step up.

They need to have the money to pay out a claim.  The best way to determine if a company is financially stable and able to meet its ongoing claims obligations is by checking their financial rating and comparing it to other insurance companies.

Progressive has an A.M Best score of A+ and a BBB score of A+. 

What this mean is that Progressive has a strong financial standing and they have outstanding customer service reviews so you rest easy knowing that you can trust your insurance company.

Pros and Cons of Progressive Renters Insurance?

In order to provide you with the most accurate review, we’re going to look at the pros and cons of Progressive Renters Insurance.

In this section, we'll have room to describe the pros in a bit more detail.  

What are the pros of Progressive renter’s insurance?

• Single deductible for renters and auto insurance.
• Low rates for insurance.
• You can customize your policy to fit your budget.
• There’s an easy claims process. 
• Flexible payments to fit your financial situation.

What are the cons of renters insurance Progressive?

• Automatic bank withdrawals for monthly payments. Not everyone feels comfortable with this.
• Low business and customer ratings if you look into that kind of stuff.
• You have to give out sensitive information to get a renters insurance quote online. You may not feel comfortable with giving out your SSN to get an insurance quote online. 

Those are the pros and cons of Progressive renters insurance so that you have a clear picture of what you’re getting into.

Does Progressive Offer Insurance In My State?

Progressive renters insurance isn’t available in every single state yet.

The auto insurance is almost nationwide, but for your renters insurance policy you’re going to have to type in your state to see if you can find a quote. 

You can also check the best renters insurance rates by state using the map below.

How to Cancel?

If you want to cancel your Progressive Renters Insurance you’re going to have to call 1-866-416-2003.

Unfortunately, you can’t cancel your insurance policy online. You have to speak with an agent over the phone. 

Final word on Progressive Renters Insurance...

That’s our Progressive Renters Insurance review. If you’re looking to bundle your insurance products to save some money, you’re in luck here.

Progressive has been around for a long time and is an established player in the insurance company.

You can easily customize until you find a renters insurance policy that fits your budget.